Do today’s MBAs need Analytical Skills? That was the question that a recent Symposium tried to answer.
On October 21, George Washington University’s Institute for Integrating Statistics in Decision Sciences (I2SDS) and IBM’s Analytics Solution Center held a Symposium entitled: Analytics and the 21st Century MBA. The abstract provides a good description of the thesis of the Symposium:
The 21st century belongs to those who can think and act analytically. No longer is it good enough to make business decisions, no matter what the field, based on little more than feelings or gut reactions to events. Consumer products companies, insurance companies, banks, governments, and even sports teams are turning to Analytics to improve their bottom line and assure their survivability in this age of hyper-competition and increasingly severe externalities.
This Symposium… will demonstrate how Analytics is, a critical component of 21st Business careers, whether the practitioner's primary responsibility is in a functional area (Marketing, Operations, Finance, Strategy, International Business, HR) or a vertical such as Health Care or Tourism.
The Symposium provided talks by leading users of Analytics in Marketing, Retail, Finance, and the Public Sector. More on the Symposium is at: http://business.gwu.edu/decisionsciences/i2sds/pdf/GWU%20ASCOutline.pdf
Do you agree with the thesis? Are you seeing more need for employees with analytical skills? Do you think those with these skills are having an easier time getting jobs?
I’d like to hear your thoughts.
Frank Stein, Director, Analytics Solution Center